VLXUSDT Bull Flag approaching the 1D MA50.Velas (VLXUSDT) has formed a Bull Flag following the rally since the March 18 Low. This analysis is basically an extension of the one published last week, showcasing the importance of the Lower Highs trend-line of November 19 2021, and that as long as it doesn't break, the pull-back will seek the lower Support levels:
So far this trend-line hasn't been broken, was on today's post it is important to look into more detail the Support levels involved and comparing them to the symmetrical bottom phase of July - August 2021.
** The 1D MA50 and the RSI **
The first natural Support level is the 1D MA50 (blue trend-line) that is currently at 0.22040. With the Ichimoku having turned green already, the price may bounce any time, but most likely, the market would want to see this level tested as a Support to gain confidence again and attract new buyers.
The 1D RSI has been printing the very same sequence as in July - August and if symmetry holds, it should bounce off its 43.000 level.
** The Fibonacci levels **
As far as Fibonacci retracement levels are concerned, the July - August fractal made a first bounce on the 0.618 Fib and a second by breaking a 1D candle wick below it, but closing right back above before the day was over.
The 0.618 Fib level on the current phase is roughly 0.1880.
** The Inverse Head and Shoulders **
As mentioned above, it is not necessary for the price to go as low as that level. And a big reason why, is the Inverse Head and Shoulders pattern (IH&S), which is a technical structure formed on market bottoms and leads to an instant trend reversal from bearish to bullish.
This is what took place on the July - August fractal. With very symmetrical points, Velas rebounded very aggressively after completing the Right Shoulder of the pattern. On the current formation, the Right Shoulder's Support is around 0.2150.
** Conclusion **
It is not hard to realize that VLXUSDT is a solid buy opportunity on the current levels, despite the potential for slightly lower prices. The minor correction since the April 01 High, should be treated as the buy opportunity for those who missed the bottom last month and invest especially if you are a long-term crypto investor. The potential of this token once the Lower Highs trend-line of November breaks, is x10 return.
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VLX
VELAS - Someone did Click on the SELL Button
Our last Velas post was nicely timed and the price did drop from the resistance level as we had calculate.
We might see the 0,20$ here again. Not too convinced to buy the mild support now..we rather wait.
One Love,
the FXPROFESSOR
VLXUSDT One last barrier to break before making +1000% returns!Velas (VLXUSDT) is currently ahead of a critical moment for its long-term trend. Supported by the 1D MA200 (orange trend-line), having just ten days ago broken above both the 1D MA200 and the 1D MA50 (blue trend-line), it eyes the last barrier of the Lower Highs trend-line. News-wise, as Velas introduces its new Fund & Accelerator program, this may be the right fundamentals to push the price past the Lower Highs trend-line. But let's break down both the Technical and Fundamental outlook into more detail.
** Technical Analysis **
As mentioned, the barrier to break is the Lower Highs trend-line that started after Velas' All Time High on November 19 2021. Since then, the price has been correcting, which is not something we see for the first time. In fact, VLXUSDT had already had two such correction phases, April - August 2021 and June - December 2020, both marked by a Lower Highs trend-line. It was when those Lower Highs broke that the price started a Parabolic Rally, which in both cases measured more than +1000% from the bottom.
A proportionate +1100% move (as in early 2021, which was the 'weakest' of the two rallies) from the recent March 18 2022 bottom, would take the price around $1.50. Those would be quite extraordinary returns from the $0.27 it's sitting at currently.
Notice that the Ichimoku Cloud has already turned green, which in the past two bullish break-outs was an indicator ahead of the price action, pointing to a break above the Lower Highs. Notice also that we are still far from a 1D Golden Cross (when the 1D MA50 crosses above the 1D MA200) but with the 1D MA50 already shifting upwards for the first time in 2 months, meaning that there is still time for the rise to develop, as in the past two rallies, the Golden Cross was formed during the consolidation phase, half-way through the Parabolic Rally.
Last but not least, the 1D RSI also gives a meaningful indication of where we currently are in terms of the previous rallies. As you see, the sequence is very symmetrical with the past two rallies, having already made Higher Highs, which against the price's Lower Highs, indicates a hidden Bullish Divergence. This analogy indicates that based on the past two sequences, we are less than a month away from breaking above the Lower Highs.
** Fundamental Analysis **
So like I mentioned in the prologue, the big development of the week, from a fundamentals perspective, is the introduction of a new fund and accelerator program. The Swiss headquartered company will use its expertise in the crypto and blockchain industry to support talented developers and entrepreneurs.
Early in 2022 Velas became a premium partner of the Ferrari Scuderia team. The Velas team continues its path to maximize its presence in the blockchain and cryptocurrency industries by launching a new initiative.
The fund will be represented by Velas' new subsidiary company, and it will be managed by a team of professional developers, marketing experts, designers, crypto experts, and more. This team will work together to analyze and estimate the value of crypto projects, startups, and original ideas.
Anyone interested in participating will be able to submit an application, which will be reviewed by the fund's panel of judges. Once the projects with the highest potential are approved, participants will get a chance to join the Velas acceleration program. The Velas acceleration program will offer the following services.
Development support: If you have an exciting idea but are missing a development team, Velas will assist you in building your project.
Mentorship: You will be able to ask our mentors for professional assistance. These experts will help you lead your project and overcome development, networking, and marketing challenges.
Acceleration: The fund can help you with any issues related to fundraising, organization of private sales, the project's initial coin offering launch, etc.
Marketing support: Velas will ensure the promotion of your project gets maximum exposure. The Velas team will help with creating top-quality content, marketing, and design. The fund also offers a chance to establish partnerships with the most popular crypto influencers and traders (KOL marketing services).
This initiative will also help to popularize the VLXUSDT token by being utilized by the accelerator program's projects as a payment method. The Velas blockchain can also be integrated into the projects and startups to provide stability, and the fastest transaction speed with the most reasonable transaction costs on the market.
This latest program aligns with Velas reputation as a proponent of new talent in the blockchain and crypto communities. “Velas has always been supporting talented and innovative crypto enthusiasts ready to start working on forward-looking projects,” said Velas CEO, Farkhad Shagulyamov. Speaking on how he believes the program will benefit new developers and the crypto industry as a whole, Shagulyamov added, “I believe that our fund will open new possibilities for them as well as significantly contribute to the development of the whole Velas ecosystem and crypto industry.”
The accelerator program will last up to three months. The minimum investment you may be given will be $25000. To receive investment will depend on criteria such as project stage, team expertise, and the development of the project. The program will provide all participants with professional remote assistance.
The Velas team has already started collecting the first applications through their existing grants program form.
The fund does not yet have specific requirements or policies. All participants with a great idea or a ready-to-launch crypto project can apply for support from Velas.
Many talented developers are already sharing their exciting ideas with the Velas fund. The organization will start operating this year, so it's just the right time to start thinking about your crypto project!
** Conclusion **
As you realize from the above Technical and Fundamental Analysis, Velas isn't just ahead of a major bullish technical break-out but at the same time sustained by strong fundamentals that help grow its customer/ holders base. There is no better time to invest on Velas than now, that the rally is still on its early stage and if you are a long-term investor, the $1.50 target mentioned, may be a modest one. Don't miss this chance!!
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VLX - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for VLX.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!
All Strategies Are Good; If Managed Properly!
~Rich
VLXUSDT Buy the dips on this steady growth. $0.400 before summerThis week Velas (VLXUSDT) made an impressive surge and almost recovered all the loss since the February Highs as it came too close to the 0.2900 Resistance (1) before getting rejected yesterday. On this analysis I will explain, both from a Technical and Fundamental outlook, why buying the dips is the best strategy on this steady rally long-term.
** Technical Analysis **
(Break above the long-term Lower Highs)
Initially, we can confirm that the bearish trend on Velas since the early January Highs has been reversed to bullish, as last week (March 25), the price broke above its long-term Lower Highs trend-line that has previously rejected any bullish break-out attempt.
(Resistance 1 and Higher Lows)
Naturally, investors took advantage of this buy signal and pushed the price to the next barrier, the 0.2900 Resistance (1). This is a methodical buying approach by the market and it should be no surprise that profits got taken right before this major Resistance, as it will be no surprise if dips such as yesterday's will start to get bought above the Higher Lows trend-line of the February 25 Low.
(The Golden Cross that delivered)
The 4H MA200 (orange trend-line) is supporting currently and we also have to mention at this point that the last 4H Golden Cross (when the MA50 crosses above the MA200) succeeded at delivering a rise (as it should because it is a technical bullish formation), in contrast to the Golden Cross of February 12 that was false and delivered a drop. This is another indication that VLXUSDT has finished its long-term correction and is starting a new Bull Phase.
(The RSI and the Fibonacci extension levels)
The 4H RSI is near its Support Zone, which further favors systematic buying on the medium-term. Additionally, pay attention to the Fibonacci extension levels. The March 31 (yesterday's) High wasn't just near Resistance (1) but also the 1.5 Fibonacci extension levels. That further supports the argument that the market is on systematic buy mode. Coincidentally, the next Fib extension (2.0) leads to Resistance (2) at 0.3350 and Fib ext 3.0 leads to Resistance (3) at 0.4200. We believe at Tradingshot that within the next 30 - 45 days those levels will be filled one by one. $0.4000 is a very realistic target.
** Fundamental Analysis **
First a little introduction about the project. Velas, as Swiss-based tech firm, has the fastest EVM Chain to compete with Ethereum 2.0. As a powerhouse of innovation and creativity, Velas has revolutionized the world of blockchain by creating a pioneering, energy-efficient platform that operates at unparalleled speed. The network provides a scalable solution for dApps with up to 75k TPS.
That being said, the market already values highly Velas' powering into Formula 1 with a multi-year Scuderia Ferrari partnership. A market with huge exposure, Velas branding on Ferrari’s iconic racing cars is certainly a huge leap into the future, as Formula 1 enters this new technological era. This is the first partnership of this kind for Ferrari.
In Ferrari's announcement, the F1 team emphasized how both companies share values such as innovation and performance of technologically advanced products and services, also making a special mention to the NFT sector, which can take the motorsport world by storm.
In more recent news, Velas announced that they will be present at the Block World Tour held in Andorra on April 1-2! Great chance to meet with the firm and learn all about the little details you may not know about the project! See more on their twitter page.
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VLX Can Reach 0.31$ & 0.40$ afterward!Good Bullish Potential🌳VLX has been in a BIG Falling Wedge Pattern & It has Managed To Break The Mentioned Pattern Recently! As You Know The Pattern Is a Bullish Pattern & we can Expect a Good Bullish Movements For It. so Right now The Price has to reach around 0.31$ cause There is no Difficulties or Problems Reaching There From Our Perspective! another Thing is if VLX manages to reach 0.31$, There is a Chance that It would Increase From there and Reach around 0.40$ Even! after Reaching 0.31$ and Breaking The Resistance, We can Expect a Pullback to 0.31$ and after ward ,reaching 0.40$.
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Thank you for seeing idea .
Have a nice day and Good luck
VELAS - Someone is Clicking on the SELL Button right NowIt has happened before. This chart is the kind of chart we don't like.
Let's see if the price goes back lower from here.
VLX – Market Structure AnalysisHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
I found VLX chart interesting. Here is why:
VLX has been bearish for a while, however, we can clearly see that the bearish impulse movements are getting smaller and more flat (red comments).
So from a market structure perspective, this means that the bears/sellers are exhausted.
But this is just an early alert that a potential reversal might happen. It doesn't mean that the bulls are in control just yet.
For the buyers to take over, and the momentum to be shifted from a long-term perspective, VLX needs to break above the last major high marked in gray.
Meanwhile, until the buy is activated , VLX can still trade lower to test the green demand again. In this case, we will be looking for short-term buy setups on lower timeframes.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!
All Strategies Are Good; If Managed Properly!
~Rich
Velas VLX Price Targets and Stop LossVLX/USDT
Entry Range: $0.22 - 0.25
Price Target 1: $0.28
Price Target 2: $0.33
Price Target 3: $0.38
Stop Loss: $0.18
vlx (im hodler)
🔰 What is Velas?
Velas is the world's fastest EVM Blockchain enabling up to 75,000 TPS , processed instantly, with highest security out there, at almost for free ($0.00001 TF only). Velas Ecosystem consists of decentralised products built on top of its chain to present the ease of user experience of decentralised, open-source products.
velas coin JUST HOLD IT.velas coin
🔰 What is Velas?
Velas is the world's fastest EVM Blockchain enabling up to 75,000 TPS, processed instantly, with highest security out there, at almost for free ($0.00001 TF only). Velas Ecosystem consists of decentralised products built on top of its chain to present the ease of user experience of decentralised, open-source products.
Our suggestion: buy this coin currency and just hold it.
It would be great to have a long-term investment and hold this coin.
Start buy in stages now.
The best buy ranges are on the way.
The 0.18 range is better and safer.
_
In coinmarketcap, the amount of holders and their value is increasing and it is suitable for holding.
_
Targets:
0.50
1.00
1.80
...
13.80😳👌
Do not forget to just hold it.
Velas VLXFundamentally super strong project.
But looking for the TA, maybe its playing out double bottom pattern. Price going to touch support at 0.29 and then im completely bullish. If its coming little bit down the RSI going to be more healty too.
Velas - VLXVelas is the Fastest EVM/eBPF Hybrid Chain of Solana and EVM, and this way inherited the best from both: Up to 75 000 TPS, 1.2 - second finality, extremely low fees and EVM/Solidity support. And surely, if Velas is a new promising platform for DeFi applications, then of course an analog of DAI is needed in this space, given what it is for DeFi on Ethereum. It is this niche that they are striving to fill with the VeleroDAO project and USDV stablecoin — an analog of DAI from MakerDAO. It will be the most serious infrastructure project for the Velas ecosystem that is in the spirit of the open Internet Web 3.0, completely decentralized.
Recently, Velas team designed a 100 mln grant program for developers and projects running on Velas.
The infrastructure of VELAS is now developing so rapidly:
BitOrbit - The first decentralized social media platform on Velas chain;
Velaspad - lauchpad for Velas ecosystem;
Wagyuswap - DEX;
Swapz - a cross-chain stablecoin swapping platform.
They have a strategic partner —Bluezilla Incubator which has shown incredible results over the past year. The incubates projects ATHs:
1290x - MetaVPad
630x - Velhalla
527x - AstroSwap
410x - KCCPad
380x - PulsePad
360x - ADAPad
329x - BSCPad
304x - WagyuSwap
276x - VELASPad
255x - TRONPad
214x - Bitorbit
212x - NFTLaunch
206x - GameZone
197x - CrossWallet
184x - Aioz
166x - ETHPad
121x - BSCStation
99x - CrossSwap
87x - BlindBoxes
38x - Swapz
I think they will give a boost to the Velas ecosystem.
Best regards,
EXCAVO
Velas: possible a great project yet undervalued1. Introduction
Maybe this is one of the big projects still in the initial phase.
Imagine investing in Solana, buying the SOL token when it was worth only pennies on the dollar.
Today it is worth $180...
2. Definition
Basically, Velas is a Solana-based blockchain that aims to simultaneously deliver Solana's speed and scalability, with EVM (Ethereum Virtual Machine) compatibility.
Ethereum is the largest DeFi ecosystem in the world.
This compatibility will facilitate mass portability of Dapps who want to take advantage of the resources of the Solana ecosystem.
VLX is the token used for transactions, payments, fees and Proof-of-Stake consensus, just as SOL is used in the Solana network.
3. Tokenomics
'Tokenomics are the economics rules of behavior and interaction of participants in the blockchain network'.
Total supply: 2,124,380,663 VLX
Circulating supply: 2,124,380,663 VLX
Inflation rate: -8%
4. Wallets
Velas EVM x Velas Native x Velas Legacy
a) Velas EVM --> is a wallet to interact with EVM applications (made with Ethereum technology).
Also used to exchange currencies for BEP-20 (Binance Smart Chain) and ERC-20 (Ethereum Mainet Chain) format.
b) Velas Native --> is the required wallet for staking, and applications written at the native level (Solana technology).
c) Velas Legacy --> is a wallet to interact with old exchanges or exchanges that have not yet migrated to the Velas EVM\Native
5. DeFi
The network already has an active DeFi.
On the DeFi Llama website, the blockchain has a TVL (Total Value Locked) of $31,166,653.
It is still at an early stage with only one Dapp: WagyuSwap , whose token is WAG .
By way of comparison, the Ethereum network has a TVL of $196.81b, and Solana has $11.79b
6. Graphical Analysis
For a more thorough analysis, I pulled Coingecko's past data.
We have a bullish parallel channel.
Plotting the Fibonacci retracement from the bottom of 0.03 to the top of 0.63, we can see that we are theoretically at a good buy point at the 61.80% or 50% resistance.
In a more optimistic scenario, the price could test this region of 61.80% and 50% and then rise again.
In a bearish scenario, the price could retest the channel at the bottom, and only then go back up.
Greetings
Velas VLXIs there next pump coming?
Lets see how fast we take all TP points this time.
SL = last low + atr
TP = Fibonacci
We are now bouncing on the support and i think we are going to break trendline. Enter trade if we break trendline and we are above the support zone.Dont enter if this idea dont play out!
Velas next move (LONG)After long sideway move we are waiting breakout of:
1. Trendline +
2. Resistance zone
Fibo. 3 tp points
🔻 VELAS- Getting OUT and staying FAR AWAY!!! 👎🏾👨🏾🦰I will get back with a video in due time.
For the time being I am getting OUT and staying as far AWAY as possible from Velas and it's tokens
FAR FAR FAR AWAY!!!!!
These people are a potential hazard.
No Love here,
the FXPROFESSOR
SOLANA Tokens - Pumping like CRAZY 🎟️Solana rally mimicking Ethereum? Why a $500 SOL price target could be 'conservative'
The sixth-largest cryptocurrency by market cap remains one of the best performers despite the overall crypto market losing more than $200 billion. cointelegraph.com
Take a look at some of Solana's tokens:
portnetwork.io (PORT)
mercurial.finance (MERCURIAL FINANCE)
projectserum.com (SERUM)
velas.com (VELAS)
Solana is going strong, the trend is our friend, hopefully a little correction will help us get on this train.
One Love,
the FXPROFESSOR
(THANKS ATA FOR THE TIP!)
VELAS - Can This Be REAL?? 😮💨Whitepaper, page 8 ( velas.com - it says it's 1,000 times better than Ethereum, 800 times better than Cardano)
If this is Real (is it though??) then these people got BIG TIME GAME!
Can it be real? If anyone here is super advanced in this technical part I would be obliged if you share your opinion.
Can this be the fastest, cheapest, ultimately best technology?? Or is it all BS?
One Love,
the FXPROFESSOR
(This is either THE Unicorn or a very fake one)
Today's presentation:
www.youtube.com If anyone knows who the lady at the presentation is please hook me up
